A dealer in the spot foreign exchange market has to assume that a price given to a voice broker is only valid:
A) for a short length of time, usually 30 seconds
B) until the price has been taken "off" by the dealer
C) for a short length of time, typically a matter of seconds
D) for a minute or two

Question

Quizplus · Accepted Answer

In the spot foreign exchange market, prices can change rapidly due to various factors such as economic news releases, geopolitical events, and market sentiment. As a result, a price given to a voice broker is typically only valid for a short length of time, usually just a matter of seconds, before it may no longer reflect the current market conditions. Therefore, choice C is the best answer.

A Dealer in the Spot Foreign Exchange Market Has to Assume